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Interest Rate

The percentage of the value of a balance or debt that one pays or is paid each time period. For example, if one holds a bond with a face value of $1,000 and a 3% interest rate payable each quarter, one receives $30 each quarter. The percentage of the interest rate remains constant (usually), but the amount one pays or is paid changes according to the amount of the balance or debt. For example, if one pays off part of the principal on a loan each month, the amount one pays in interest decreases even though the rate remains the same. See also: Time Value of Money.


See Interest Rate.

References in periodicals archive ?
Karen Donovan, South Central WIC's community coordinator, said, "The complexity of unit rate for the WIC program is staggering.
Starts of apartment units (in structures with five or more units) increased 1 percent to a 301,000 unit rate in July from a 298,000 unit rate a month earlier.
New apartment construction starts declined slightly to a 285,000 unit seasonally adjusted annual rate in June from a revised 306,000 unit rate for May.
Great tool for directing business planning and business development activities of knit apparel exporters, to identify countries with fastest growth in number of pcs, unit rate or total value of imports, by category (e.
SSE will cut the unit rate of its domestic heat tariff by around 7% from 1 May 2016 for customers living in district heating networks.
Customers will also pay a simple fixed standing charge and single unit rate for their energy from 15 October 2012, while a clearer fixed discount will be provided to customers who choose lower cost options such as payment by direct debit and paperless billing.
Groundbreaking during May was revised up to a 711,000-unit pace from a previously reported 708,000 unit rate.
94 million unit rate set in December 2002 and repeated in January 2003.